Retail in Asia

Big C stakes sold to Thai company

Casino Group is set to sell its stake in Big C Supercenter PCL to the TCC Group, one of Thailand’s leading conglomerates, for EUR3.1 billion (USD3.46b).

It marks a major step in the French retailer’s plan to cut its debts.

Big C is a leader in food retail and commercial real estate in Thailand with a large network of more than 700 stores, including 125 hypermarkets, and a turnover of EUR3.4 billion last year.

The sale is expected to be completed by March 31.